W.W. Grainger (GWW) has been a prominent topic in recent market conversations, with several developments indicating its potential as a strong value and growth stock. Some firms, such as Assetmark Inc. and Advisory Services Network LLC, have reduced their holdings while others, like Cambridge Investment Research Advisors Inc. and Franklin Resources Inc., have increased theirs. The company's earnings and revenues exceeded estimates in Q2 and Q3, leading to an adjustment in their 2023 guidance. Throughout the year, GWW reached a 52-week high propelled by institutional ownership that holds 74% of the shares. Despite some downgrade from 'buy' to 'hold' by few analysts, consensus rating from most brokerages stands at 'Hold'. Moreover, GWW's five-year earnings growth lagged behind shareholder returns, but the company is still championing high returns on its capital. The company is also getting set to pay larger dividends than the previous year. As an impressive momentum stock, it has continually outperformed other industrial products stocks, indicating overall market optimism.
Grainger Stocks GWW News Analytics from Wed, 15 Oct 2014 07:00:00 GMT to Sat, 01 Jun 2024 05:55:06 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 4
